Global Crude Oil Production Growth Grinding To A Halt

This is the third in a monthly series of posts chronicling the action in the global oil market in 13 key charts. The February 2015 post is here. EIA oil price and Baker Hughes rig count charts are updated to end February 2015, the remaining oil production charts are updated to January 2015 using the IEA OMR data. The main oil production changes from December to January are: World total liquids down 40,000 bpd OPEC down 240,000 bpd N America down 10,000 bpd Russia and FSU down 70,000 bpd UK and Norway down 40,000 bpd (compared with January 2014)…

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via OilPrice.com Daily News Update http://ift.tt/1B3P9bH



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